What if I told you that a few minutes a month could save you thousands of dollars a year? Would you believe me? Are you interested in finding out if I’m telling the truth or not? If you are, keep reading.

Let’s start with a quiz to see if you could be saving thousands of dollars a year.

1: Do you have an income (money coming in weekly, bi-weekly or monthly)? _____ Yes  _____ No

2: Do you spend money?  _____ Yes    _____ No

3: Do you track ALL the money you spend (where and how much)? _____ Yes  _____ No

  • If you answered “Yes” to all three questions, congratulations! You are among a select few.
  • If you answered “Yes” to  #1 and #2 and “No” to #3, I have some great news for you: you could be saving thousands of dollars a year!
  • If you answered “No” to all three, don’t worry you can learn how to keep from over spending thousands when you can answer “Yes.”
  • If you answered “No” to #1 and #3 and “Yes” to #1, I need to read your blog posts because you have really figured this thing out.

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Many people do not have a plan when it comes to spending money. As a need or want arises, they check their banking account and decide if they can “afford” it. Unfortunately, there is little consideration for other necessary expenses. This results in overspending at best and overdraft fees at worst. Well,  actually, there is an even worse scenerio. Instead of using funds on hand, many people pull out a credit card which pretty much guarantees overspending by upwards of 20% when not immediately paid off.

Think about it this way. If a store had two items that were exactly the same except one cost $125.00 and the other cost $150.00 (20% more) which one would you buy? You would want the $125.00 one, right? It’s a no brainer. However, if a credit card is used for this purchase it will cost upwards of $150.00 for this item (*78% of the time). Or if purchasing this item for $125.00 causes an overdraft fee of $35 (present banking standard) then it will cost $155.00 for the item.

What could be done with the money you save by just paying regular price? We are already finding money by avoiding common pitfalls. This, however, is not good enough to really gain control of your spending. What is needed is a budget. To put it plainly, a budget is a spending plan. When you take control of your spending, you will begin to “find” money that you have given away without thought before. Yes, you may find thousands of dollars that you can use more wisely.


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5. If you have questions or would like more information about starting to budget please email us at

Fincancial Peace University
Dave Ramsey, a financial expert and founder of Financial Peace University (FPU), says that it takes about three months of disciplined budgeting before you really get good at it. FPU also teaches how to get out of debt, invest for college and retirement, save more and give more. If you are interested in joining our next FPU small group please email us ( or sign up at Hydrate.

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*about 78% of all credit card holders do not pay off their account every month resulting in interest fees. This example uses a credit card with 20% annual percentage rate.

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